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17/10/2021

Auctioneer says Co Kildare property tax drop will have 'no significant change' for home buyers

Liam Hargadan - Newbridge Auctioneer
  A well established Co Kildare auctioneer has announced that yesterday's County Council vote to reduce the property tax by 7.5% will not make a 'significant change' to home buyers. According to Liam Hargadan, Jordan Auctioneers, Newbridge, the reduction in co Kildare's property tax will not have a major impact for homeowners, 'in the overall scheme of things.' Mr Hargadan expressed serious concerns that the sale of houses has reduced in Co Kildare following a Central Bank decision to only allow people purchase a house if they have 20% of the cost, with just 80% available from the bank for borrowing. Mr Hargadan said:"The prices of houses in Co Kildare is steadily rising over the last two years. Although any tax reduction is welcome and the reduced property tax will mean that people have more money to spend on  restaurants, their family and in shops, it is unlikely to make a major difference to a person planning to buy a house. Those planning to buy a house are resigned to pay the property tax." Currently homeowners can expect to pay €100,000 for a second hand three bedroom house in Athy,€260,000- €280,000 for the same in Naas, €200,000 to €220,000 in Newbridge and up to €300,000 in Celbridge.

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